Wut? Wait. The AMD CEO is the cousin of the nvidia CEO? Like, the CEO of the number two GPU chip company is cousin of the number one company y, and effectively there isn’t really a number three so this GPU market really is really a family monopoly?
It’s pretty f. weird that Lisa Su is the CEO despite being so closely related to Jensen, I would dislike this if I were an AMD investor. However this is not a family monopoly, since neither Su or Jensen own these companies, not substantially anyway. (well below 1% & 3 something % owned respectively) Meaning of shareholders at large disliked Lisa Su’s way of doing things, she would be booted without too many hurdles I would think & the same is true for Jensen.
The fishy part for me is that they’re both from Taiwan, and they’re both in charge of companies that are some of the biggest customers of TSMC, Taiwan’s biggest chip fab that practically has a worldwide monopoly on high-end chip manufacturing. There’s also the national security angle here, with TSMC probably being the only reason China hasn’t invaded, as the entire world would have something to say about it.
Idk, there’s a lot of fertile ground for conspiracy theories under these Taiwanese billionaires.
Wut? Wait. The AMD CEO is the cousin of the nvidia CEO? Like, the CEO of the number two GPU chip company is cousin of the number one company y, and effectively there isn’t really a number three so this GPU market really is really a family monopoly?
It’s pretty f. weird that Lisa Su is the CEO despite being so closely related to Jensen, I would dislike this if I were an AMD investor. However this is not a family monopoly, since neither Su or Jensen own these companies, not substantially anyway. (well below 1% & 3 something % owned respectively) Meaning of shareholders at large disliked Lisa Su’s way of doing things, she would be booted without too many hurdles I would think & the same is true for Jensen.
The fishy part for me is that they’re both from Taiwan, and they’re both in charge of companies that are some of the biggest customers of TSMC, Taiwan’s biggest chip fab that practically has a worldwide monopoly on high-end chip manufacturing. There’s also the national security angle here, with TSMC probably being the only reason China hasn’t invaded, as the entire world would have something to say about it.
Idk, there’s a lot of fertile ground for conspiracy theories under these Taiwanese billionaires.
Welcome to late stage capitalism! Market fundamentalism was always a lie, the american dream has been dead for over a century.
Both are from Taiwan though.
I wonder why that matters, most oligarchs are from a diaspora.